Better Choices for NJ Coalition Urges Passage of Gov. Murphy’s Budget

STAND CNJ is proud to be a part of the Better Choices for New Jersey coalition. We join our fellow coalition members in expressing our support for Gov. Murphy’s budget proposal. This bold vision has the potential to address inequalities and ensure a fairer budget for all New Jersey residents.

On a blustery Wednesday morning last week, the Better Choices for New Jersey coalition gathered for a press conference outside the Statehouse to express our support for the governor’s budget proposal. According to Analilia Mejia, executive director of NJ Working Families Alliance, coalition members are “unified on one thing: the state needs to raise revenues in a smart, transparent, just way. The last 8 years have left us…in shambles and we demand that our representatives put the interests of working families before partisan interests.”

Governor Murphy’s budget proposal is a much-needed departure from the failed trickle-down policies of the Christie administration. It raises state revenues by increasing taxes only on those earning more than $1 million per year, closing a carried interest loophole that only benefits billionaire hedge fund managers, and ending the tiny 2016 reduction in the state sales tax, which was imperceptible to families but very detrimental to the state’s ability to provide much-needed services, said Gov. Murphy in his March 13th budget address.

The Better Choices for NJ coalition supports the new budget’s emphasis on asking the wealthy to pay their fair share. Speaking at last Wednesday’s press conference, Ann Vardeman, program director for NJ Citizen Action, said “Asking those who have benefited the most…to invest a little more, while also giving badly-needed, hard-earned money back to those who need it the most — that’s something that I think we should all support. Its an increase in tax fairness and it is helping to level the playing field.” Staci Berger, director of the Housing and Community Development Network of NJ, applauded the proposed budget for “mak[ing] sure that those who have been very successful in our economy and in our state will be part of the solution to our state’s [financial] crisis.”

Murphy proposed a budget of $37.4 billion, with a surplus of $743 million, emphasizing that “we must invest in our state if we are to grow once again.” He described his proposal as “balanced both fiscally and morally. Our constitution requires the former, but our conscience demands the latter.” Some highlights from his budget proposal include:

increased investment in our public schools, and a 4-year ‘phase-up’ to full funding

increased funding for statewide pre-K programs

a $50 million increase in community college tuition funding, the first step in a 3 year plan to make community college tuition-free

a new student loan forgiveness program for NJ college students in STEM fields who go on to STEM jobs in NJ

the establishment of the NJ Career Network, a workforce development and retraining center to help older workers and those who have been unemployed for a long time

3 times more funding for NJ Transit, plus a much-needed $242 million boost to help revive the agency, whose funding was decreased 90% by Chris Christie

an increase in the Earned Income Tax Credit over three years, from 35% to 40% of the federal benefit

support for the gradual increase of the state’s minimum wage to $15/hour, and an immediate increase to $11/hr for state workers in 2019

support for enacting paid sick leave protections for all New Jerseyans (more than a million of whom lack these protections today)

an increase in the state property tax deduction from the current $10,000 to $15,000

a new child and dependent care tax credit

the establishment of a new gun violence research center at a state university

support for the legalization and taxation of marijuana, which will bring the state hundreds of millions of dollars a year

Gov. Murphy’s proposed budget will now be considered by state legislators (who must approve it with legislation). STAND CNJ urges our central Jersey lawmakers to support the governor’s plan, and finally get NJ back on the path towards fair tax policy and a fair budget. Contact your state legislators and let them know you support Murphy’s progressive budget. (Find out who your legislators are here.) To learn more about the budget process, check out this article.